Serone's Chief Executive Officer; Neil Servis, was interviewed for a "Manager of the Month" article.
Key takeaways were:
Globally investors are increasingly positive and allocating to European credit.
CLOs tranches are secured on a diversified pool of underlying corporate credit, with a different mark-to-market and fundamental credit profile (not a 1:1 ) relationship.
Despite tightening corporate credit spreads, CLOs can outperform.
We are able to find value in different parts, of different structures (both in and outside of CLOs).
The full article can be accessed here: https://hfm.global/altcreditintelligence/analysis/manager-of-the-month-serone-capital-management/